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Economics 1. 4 macro econ obj - define - target - figures- current and previous (PS, EB, FE, EG) 2.

Policies - since UN rate decrease 5.8% (2009) to 5.3% (Mac 2010), govt has adopted expansionary FP (fiscal policy). - Explain - G increase - T decrease Examples -- budget

Monetary policy - since EG increase to 0.6% - Easing MP--- open market operations - cash rate decrease (2 of this happen when MS increase) - Examples : www.rba.au MER - choose any 3 reforms - explain it with examples - evaluate the strength and weakness (a) FP (strength and weakness) (b) MP(strength and weakness) (a),(b) find the quick or conflict x2 ( c) MER - Strength - 4 objectives -Weakness - time lag

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